During 1995,the yen went from $0.0125 to $0.0095238.By how much did the dollar appreciate against the yen?

Question

Quizplus · Accepted Answer

To find the appreciation of the dollar against the yen, we need to find the percentage increase in the value of $1.

Initial value of $1 in yen = 1/0.0125 = 80 yen
Final value of $1 in yen = 1/0.0095238 = 105 yen

The percentage increase = ((105-80)/80) * 100% = 31.25%

Therefore, the dollar appreciated against the yen by 31.25%, which is option B.

During 1995,the Yen Went from $0